Brevan Howard Takes $2.3B Bitcoin ETF Position as BTC Falls

Published: 2025-08-15 18:42:42 |

Brevan Howard disclosed a $2.3 billion stake in BlackRock’s iShares Bitcoin Trust ETF (IBIT) in its Q2 13F filing, making it the largest institutional holder and surpassing Goldman Sachs’ $1.4 billion position. The macro hedge fund built its IBIT position through three separate filings totaling $2.26 billion, $32.9 million and $24.5 million, up from 21.5 million shares in Q1 to 37.5 million shares as of June 30. It also reported an $800,000 allocation in the iShares Ethereum Trust ETF (ETHA). This accumulation coincided with Bitcoin’s pullback from a $124,500 high to around $117,000, which triggered over $1 billion in liquidations before a modest rebound. BlackRock’s Bitcoin ETF now manages over $88 billion AUM, reflecting robust institutional demand for regulated Bitcoin exposure and hinting at a potential altseason as Ethereum ETF flows gain momentum.

Bullish

This news underscores strong institutional demand for regulated Bitcoin exposure via ETFs. Brevan Howard’s sizable $2.3 billion IBIT position—now the largest among institutions—signals confidence in Bitcoin’s recovery potential. Combined with BlackRock’s $88 billion AUM and growing allocations to Ethereum ETFs, these large inflows may support BTC price levels and reduce volatility in the short term. Over the long term, sustained ETF capital could drive a broader crypto rally and fuel altseason rotations as traders seek diversified digital-asset exposure.